A tale of one market at two points in time.

What you see here is a snapshot of the Colorado Springs region median income from 2005-2008 (green) below the same measure from 2019-2022 (orange). Above these you see the average pricing from 2005-2008 (blue) and above that is the same measure from 2019-2022 (gray). The low interest rates helped (and enabled) the rise of prices here and helped people get into those homes.

With rising rates, the trajectory of home prices WILL change. What remains to be seen is if the big money keeps buying them, keeping prices up or if they slow their expansion.

If you are looking to buy or sell a home in the Colorado Springs area or are interested in data analytics, please give me a call at 719-440-6626!